Shelton Capital Management Grows Stock Holdings in Booking Holdings Inc. $BKNG

Shelton Capital Management boosted its stake in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 10.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,957 shares of the business services provider’s stock after buying an additional 456 shares during the period. Booking accounts for 0.7% of Shelton Capital Management’s investment portfolio, making the stock its 23rd largest position. Shelton Capital Management’s holdings in Booking were worth $28,697,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in BKNG. Wealth Preservation Advisors LLC acquired a new stake in shares of Booking during the 1st quarter worth about $28,000. Atwood & Palmer Inc. acquired a new position in Booking in the second quarter valued at approximately $29,000. Westside Investment Management Inc. grew its stake in shares of Booking by 400.0% in the 2nd quarter. Westside Investment Management Inc. now owns 5 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 4 shares during the last quarter. Keystone Global Partners LLC acquired a new position in shares of Booking in the first quarter valued at approximately $32,000. Finally, O Brien Wealth Partners LLC purchased a new stake in shares of Booking during the second quarter worth approximately $35,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Ratings Changes

BKNG has been the topic of a number of analyst reports. Robert W. Baird set a $6,325.00 price objective on shares of Booking in a research report on Wednesday, October 29th. Barclays boosted their price target on shares of Booking from $6,000.00 to $6,250.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Gordon Haskett cut their price target on shares of Booking from $5,680.00 to $5,620.00 and set a “hold” rating for the company in a report on Wednesday, October 29th. Wells Fargo & Company boosted their price target on Booking from $5,443.00 to $5,523.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Finally, DA Davidson upped their price target on Booking from $6,500.00 to $6,600.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Booking presently has an average rating of “Moderate Buy” and an average price target of $6,141.52.

Insiders Place Their Bets

In other news, Director Vanessa Ames Wittman sold 15 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $5,030.00, for a total transaction of $75,450.00. Following the completion of the transaction, the director owned 717 shares of the company’s stock, valued at $3,606,510. This represents a 2.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paulo Pisano sold 200 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $5,000.00, for a total transaction of $1,000,000.00. Following the transaction, the insider owned 1,514 shares in the company, valued at approximately $7,570,000. The trade was a 11.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,452 shares of company stock worth $17,987,397 over the last 90 days. Corporate insiders own 0.16% of the company’s stock.

Booking Trading Up 0.0%

Booking stock opened at $4,912.08 on Monday. The stock has a market cap of $158.34 billion, a PE ratio of 31.93, a P/E/G ratio of 1.57 and a beta of 1.34. The stock has a 50-day moving average price of $5,123.68 and a 200 day moving average price of $5,391.88. Booking Holdings Inc. has a 52 week low of $4,096.23 and a 52 week high of $5,839.41.

Booking (NASDAQ:BKNG) last announced its earnings results on Tuesday, October 28th. The business services provider reported $99.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $95.56 by $3.94. Booking had a net margin of 19.37% and a negative return on equity of 134.86%. The firm had revenue of $9.01 billion for the quarter, compared to analyst estimates of $8.71 billion. During the same quarter last year, the business earned $83.39 earnings per share. Booking’s revenue was up 12.7% compared to the same quarter last year. Booking has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities analysts predict that Booking Holdings Inc. will post 209.92 EPS for the current year.

Booking Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 5th will be paid a $9.60 dividend. This represents a $38.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, December 5th. Booking’s dividend payout ratio (DPR) is presently 24.96%.

About Booking

Booking Holdings Inc, formerly The Priceline Group Inc, is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.